GDP For Fourth Quarter Revised Lower
Washington, DC, Feb. 27, 2009--The U.S. gross domestic product fell in the fourth quarter at the fastest pace since 1982.
Today's Flooring News
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Armstrong To Continue Cost Cutting
Lancaster, PA, Feb. 27, 2009--Armstrong World Industries said Thursday it will cut more jobs in the wake of a $25.5 million fourth-quarter loss that was fueled in part by a 17 percent decline in sales, according to Lancaster Online.
From The Forest Gets FSC Certification
Weston, WI, Feb. 26, 2009-- From The Forest said that its Weston plant has recently been awarded FSC Chain-of-Custody certification.
Consumer Sentiment Slightly Better Than Expected
Ann Arbor, MI, Feb. 27, 2009--The University of Michigan/Reuters Consumer Sentiment Index fell in late February to 56.3 from 61.2 in January.
Mortgage/Bankruptcy Legislation Stalls in House
Washington, DC, Feb. 27, 2009--Legislation that would let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners stalled Thursday.
Dixie Could Move Fabrica To Alabama, or Sell It
Chattanooga, TN, Feb. 26, 2009--Dixie Group said it could move Dixie's Fabrica International division east from California sometime after June, with the majority of the business headed for Dixie's Atmore, Ala. plant.
Armstrong Swings To Loss in Fourth Quarter
Lancaster, PA, Feb. 26, 2009--Armstrong World Industries reported a loss from continuing operations of $26.2 million, or $0.46 per share, compared to income of $21.0 million, or $0.37 per share, in the fourth quarter of 2007.
Interface Reports Fourth Quarter Loss on Charges
Atlanta, GA, Feb. 25, 2009--Interface, Inc. reported a fourth quarter 2008 net loss of $79.3 million, or $1.29 per share.
Valinge Says Revenues, Income Rise
Viken, Sweden, Feb. 26, 2009--Valinge said its 2008 license income increased 13% in 2008 over the previous year. Operating income before taxes was $25.8 million, an increase of 4%.
Floormall To Sell BuildDirect Items To Consumers
Virginia Beach, VA, Feb. 26, 2009--Floormall.com said it is offering BuildDirect.com flooring products to customers in the residential and commercial markets.